“Investors are urgently seeking more transparency from corporations about their material risks and risk management practices, particularly those related to climate change, but there are no simple tools to assist investors in collecting and assessing this information,” said Greg Rogers, co-founder of Envonet and a long-time champion of corporate financial transparency. “And, when disclosures are compared side by side, the contrast between many European companies and their U.S. counterparts leaps off the page. For investors, it makes evident which corporations are treating climate change as a material financial risk and which are not.”

Users can select several companies and compare their disclosures, side-by-side, such as the example provided at the end of this news release with data from BP, Chevron, Exxon-Mobil and Shell. And with a single click, users can jump to the specific location of disclosures in a corporation’s financial filings, where the information can be read in context.

Envonet displays climate-related disclosures in the areas of governance, strategy, risk management and performance measurement, found in mainstream financial filings (e.g., Form 10-Ks filed with the U.S. Securities Exchange Commission). It also features environmental-related accounting disclosures for asset impairments and environmental and asset retirement obligations. Envonet employs the framework developed by the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD), a private sector initiative chaired by Michael R. Bloomberg, and presented at last week’s G20 Summit in Hamburg, Germany.

There is no cost to use the Envonet portal, but users must register at http://www.envonet.com for access to the database. A companion social media group on LinkedIn (Climate-Related Financial Disclosure) adds opportunity for discussion and collaborative learning.